Real estate agent commissions too high? Flat-fee brokers offer an alternative

Jim Xiao paid an agent a flat $10,000 fee to help him buy a home in Evans, Ga., last year. Here, Xiao and his children play soccer at their new home.

Agents have typically taken a commission on the sale of a home that totals 5% to 6% of the price. But new rules have created an opening for brokers who charge much less.

(Image credit: Jim Xiao)